Getting Started with Brokers

Consolidated Table
Compare Brokers Commission Schedule Account Minimums Account Features Tools / Research

E*TRADE

Online Stock Trades
$9.99
Details
Brokerage Cash Account
$500
Brokerage Margin Account
$2,000
Retirement
$0
  • Online Banking
  • Mobile Trading
  • Global Trading on Foreign Exchanges
  • Options
  • Mutual Funds
  • Dividend Reinvestment
  • Local Offices
  • Broker Assisted Trades
E*TRADE 360: Website Trading Experience
Manage your investments and trade from one fully customizable, easy-to-use page
Details
E*TRADE Pro: Active Trading Platform
Our premier trading technology for elite traders featuring our most powerful tools
Details
E*TRADE Mobile: Ultimate Mobile Investing
Trade anytime, anywhere
Details

TD Ameritrade

Online Trades
Market/Limit Orders $9.99
Touchtone Phone
Market/Limit Orders $34.99
Broker Assisted
Market/Limit Orders $44.99
Cash Account
$0
Margin Account
$2,000
Retirement Account
$0
  • Online Banking
  • Mobile Trading
  • Global Trading on Foreign Exchanges
  • Options
  • Mutual Funds
  • Dividend Reinvestment
  • Local Offices
  • Broker Assisted Trades
TD Ameritrade Mobile:
Trade at the drop of a hat with the leader in mobile trading.
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Exceptional Value:
From our mobile apps, to Trade Architect to thinkorswim, there are no additional fees for any of our platforms.
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TD Ameritrade was rated:
#1 in Research Amenities and Customer Service & Education, by Barron's.
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ShareBuilder

Online Trades
Market/Limit Orders
$6.95
Automatic Investments
$1.00-$3.95
Details
Phone Trades
Market/Limit Orders $19.95
Cash Account
No Minimum Required
Margin Account
$2,000
Retirement Account
No Minimum Required
  • Online Banking
  • Mobile Trading
  • Global Trading on Foreign Exchanges
  • Options
  • Mutual Funds
  • Dividend Reinvestment
  • Local Offices
  • Broker Assisted Trades
Free ETF Portfolio Builder:
Create a diversified portfolio based on your goals and investing style
Details
Research Reports:
Find the stocks, ETF's or mutual funds for your investment strategy with 8 powerful tools.
Details

Fidelity

Online Stock Trades
Market/Limit Orders as low as $7.95
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Touchtone Phone
Market/Limit Orders as low as $12.95
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Broker Assisted
Market/Limit Orders as low as $32.95
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Brokerage Cash Account
$2,500
Brokerage Margin Account
$2,000
Retirement
$2,500
  • Online Banking
  • Mobile Trading
  • Global Trading on Foreign Exchanges
  • Options
  • Mutual Funds
  • Dividend Reinvestment
  • Local Offices
  • Broker Assisted Trades
Fidelity ETF Screener:
Find, Analyze and Trade ETFs like never before.
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Fidelity Stock Research Center:
Real-time tracking of hot topics, expert analysis
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Fidelity's Active Trading Streaming Tools:
Trade like a pro with our fast, powerful trading tools.
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Fidelity's Active Trading Streaming Tools:
Trade like a pro with our fast, powerful trading tools.
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thinkorswim

Online Trades
Market/Limit Orders $9.99
Touchtone Phone
Market/Limit Orders $34.99
Broker Assisted
Market/Limit Orders $44.99
Cash Account
$0
Margin Account
$2,000
Retirement Account
$0
  • Online Banking
  • Mobile Trading
  • Global Trading on Foreign Exchanges
  • Options
  • Mutual Funds
  • Dividend Reinvestment
  • Local Offices
  • Broker Assisted Trades
paperMoney®:
Practice your trading strategy against real market data with a virtual trading account.
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thinkDesktop:
Trade stocks, options, futures and forex on 1 downloadable software platform.
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thinkorswim Mobile:
Trade stocks, options, futures and forex from your web enabled mobile device.
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WebBased Trading:
Access streaming, quotes, powerful charting tools on any computer with an internet connection.
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Charles Schwab

Online Trades
Start at $8.95
Details
Cash Account

Margin Account

Retirement Account

  • Online Banking
  • Mobile Trading
  • Global Trading on Foreign Exchanges
  • Options
  • Mutual Funds
  • Dividend Reinvestment
  • Local Offices
  • Broker Assisted Trades
Access us and your money—24/7.
Details
In-depth research from Schwab and third-party firms.
Details
Put powerful, easy-to-use tools to work for your trades.
Details
Professional money management to fit your goals.
Details

OptionsHouse

Online Trades
Market/Limit Orders
$4.75
Automatic Investments
Market/Limit Orders
$4.75
Phone Trades
Market/Limit Orders $4.75
Cash Account
No Minimum Required
Margin Account
$2,000
Retirement Account
No Minimum Required
  • Online Banking
  • Mobile Trading
  • Global Trading on Foreign Exchanges
  • Options
  • Mutual Funds
  • Dividend Reinvestment
  • Local Offices
  • Broker Assisted Trades
OptionsHouse Mobile Apps:
Trade on the go with the Number 1 Ranked Mobile Apps
Customizable Platform:
Get more control with our fully customizable trading platform
Better Value:
Low commissions, fast execution and powerful tools make OptionsHouse a value leader

Scottrade

Online trades
Market/Limit Orders $7
Touchtone Phone
Market/Limit Orders $17
Broker Assisted
Market/Limit Orders $27
Cash Account
$500
Margin Account
$2,000
Retirement Account
$500
  • Online Banking
  • Mobile Trading
  • Global Trading on Foreign Exchanges
  • Options
  • Mutual Funds
  • Dividend Reinvestment
  • Local Offices
  • Broker Assisted Trades
Scottrade® Mobile App
Our mobile app offers online research, trading and banking in a sleek, intuitive design.
Details
Easy-Access Online Banking
Enjoy real-time transfers to and from your Scottrade® brokerage account and refunds on most ATM withdrawals nationwide.
Details
Full Suite of Investment Products
Access stocks, ETFs competitive margin loan rates, option products, 14,500+ mutual funds, CDs, bonds and more.
Details
In-Depth Research Tools
Get access to stock, ETF, and mutual fund screeners, independent analyst reports from Thomson Reuters, Dow Jones and S&P, a comprehensive market calendar and more.
Details

Merrill Edge

Online Trades
Market/Limit Orders $6.95
Details
Touchtone Phone
Market/Limit Orders $32.50
Details
Broker Assisted
Market/Limit Orders $29.95
Details
Cash Account
$0
Details
Margin Account
$2,000
Details
Retirement Account
$0
Details
  • Online Banking
  • Mobile Trading
  • Global Trading on Foreign Exchanges
  • Options
  • Mutual Funds
  • Dividend Reinvestment
  • Local Offices
  • Broker Assisted Trades
Streamline your investing
See your investment and bank accounts on the same page with one login.
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Make more informed decisions
Access independent research and easy-to-use tools.
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Enjoy a full range of investments
Choose from thousands of stocks, bonds, ETFs and mutual funds.
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Loyal3

Online Trades
Market/Limit Orders $0
Cash Account
No Minimum Required
Margin Account
$0
Retirement Account
$0
  • Online Banking
  • Mobile Trading
  • Global Trading on Foreign Exchanges
  • Options
  • Mutual Funds
  • Dividend Reinvestment
  • Local Offices
  • Broker Assisted Trades
IPO Stock:
Invest as little as $100 to own IPO stock.
Details
$0 Fees:
LOYAL3 charges $0 fees to buy or sell stock. 100% of your purchase goes toward stock, not fees.
Details
Quick Account Set-Up:
Simply select a stock, select an investment amount (as little as $10), and enroll in LOYAL3.
Details
Easy Payment Options:
Use credit or debit card, checking account or LOYAL3 account balance to buy stock.
Details

Interactive Brokers

Online Trades
Market/Limit Orders 1/2 penny per share
Details
Touchtone Phone
Market/Limit Orders $30 per order
Details
Broker Assisted
Market/Limit Orders 1 penny per share
Details
Cash Account
$10,000
Details
Margin Account
$10,000
Details
Retirement Account
$5000
Details
  • Online Banking
  • Mobile Trading
  • Global Trading on Foreign Exchanges
  • Options
  • Mutual Funds
  • Dividend Reinvestment
  • Local Offices
  • Broker Assisted Trades
MobileTWS:
Trade stocks, options, futures, futures options and forex worldwide from your phone.
Details
Stock Yield Enhancement Program:
Earn extra income on the fully-paid shares of stock held in your account.
Details
Margin Rates::
Below 2%
Details
Consolidated Table
- If customer signs up for electronic statements and confirms. ($25 otherwise)
- TD Ameritrade clients have access to foreign securities via exchanges in the United States and Canada. We currently do not trade on any other world exchanges.
- Excludes SEP-IRAs, SIMPLE-IRAs, Self-Employed 401(k)s, BDAs, Keoghs, Non-Prototype Retirement Accounts and HSAs.
- Minimum equity account balance requirement. Margin trading involves risk and is not suitable for all investors. Assess your financial circumstances and risk tolerance prior to trading on margin. Margin credit is extended by National Financial Services, Member NYSE, SIPC.
- Minimum account balance waived for monthly contributions of at least $200 per month (does not apply to SEP-IRA or SIMPLE IRA accounts).
- Information as of 04/27/2012. Charles Schwab & Co., Inc., Member SIPC
- System availability and response times are subject to market conditions and mobile connection limitations. Requires a wireless signal or mobile connection.
- International investments are subject to additional risks such as currency fluctuation, political instability and the potential for illiquid markets.
- Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options."
- All broker-assisted and automated phone trades are subject to service charges
- There are no fees to open or maintain your account. Other charges may apply. See the Charles Schwab Pricing Guide for Individual Investors ("the Guide") and any amendments to the Guide for comprehensive details on fees.
- Barron's, March 10, 2012, 17th annual survey, "Cut the Cord", by Theresa W. Carey. © 2012 Dow Jones & Company, Inc. Overall ratings (on a five-star scale) based on Trade Experience & Tech, Usability, Mobile, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service & Education and Costs. Barron's is a registered trademark of Dow Jones & Company © 2006, 2007, 2008, 2009, 2010, 2011, 2012
- Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the Scottrade Options Application and Agreement, Brokerage Account Agreement, and by downloading the Characteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation, or by requesting a copy from a Scottrade branch office. Supporting documentation for any claims will be supplied upon request.
- TD Ameritrade clients have access to foreign securities via exchanges in the United States and Canada. We currently do not trade on any other world exchanges.
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